The Goldman Sachs Group, Inc. (GS) to Issue Quarterly Dividend of $4.50 on June 29th

The Goldman Sachs Group, Inc. (NYSE:GSGet Free Report) announced a quarterly dividend on Monday, April 13th. Shareholders of record on Monday, June 1st will be paid a dividend of 4.50 per share by the investment management company on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 1st.

The Goldman Sachs Group has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 13 years. The Goldman Sachs Group has a dividend payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect The Goldman Sachs Group to earn $65.78 per share next year, which means the company should continue to be able to cover its $18.00 annual dividend with an expected future payout ratio of 27.4%.

The Goldman Sachs Group Trading Up 1.6%

Shares of GS stock opened at $1,024.02 on Friday. The company has a market cap of $302.09 billion, a P/E ratio of 18.71, a PEG ratio of 1.30 and a beta of 1.28. The stock has a 50 day simple moving average of $913.37 and a two-hundred day simple moving average of $892.11. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The Goldman Sachs Group has a fifty-two week low of $592.17 and a fifty-two week high of $1,027.22.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same period in the previous year, the company posted $14.12 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts forecast that The Goldman Sachs Group will post 59.53 earnings per share for the current year.

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The Goldman Sachs Group Company Profile

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Dividend History for The Goldman Sachs Group (NYSE:GS)

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